The Samson Banking Company, Inc. was awarded a $1,826,265 Project Grant from the U.S. Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program. The grant aims to support the ability of Community Development Financial Institutions to prepare for and respond to the economic impact of the coronavirus pandemic by providing $1.8 million in funding from June 2021 through December 2023. As a Community...
The federal Project Grant award of $216,000.00 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant supports The Samson Banking Company, Inc., a certified CDFI registered as a for-profit, Subchapter S Corporation, in increasing its investments and support of other CDFIs, as well as expanding its community development financing and service activities in the most...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $326,506 Project Grant to FBT Bank & Mortgage under the Small Dollar Loan Program (CFDA 21.025). The grant funding enables FBT Bank & Mortgage, a certified CDFI, to establish and maintain small business loan programs that provide affordable alternatives to high-cost small dollar loans. The goal is to help unbanked and underbanked populations build credit, access affordable capital,...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $126,464 Project Grant to Southeast First National Bank under the Small Dollar Loan Program (CFDA 21.025). The grant supports the bank's efforts to establish and maintain a small business loan program that provides affordable alternatives to high-cost small dollar loans. Specifically, the funding enables Southeast First National Bank, a for-profit, woman-owned CDFI, to create loan loss...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Fnbc Bancorp Inc. a $230,000 Project Grant under the Small Dollar Loan Program (CFDA 21.025). The grant will enable the recipient to establish a loan loss reserve and provide technical assistance to support small dollar lending. Through this alternative lending model, the intended outcomes are to help the unbanked and underbanked populations build credit, access affordable capital, and...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $241,431 Project Grant to Security Bancshares, Inc. through the Small Dollar Loan Program (CFDA 21.025). The grant is intended to enable Security Bancshares, a certified CDFI, to establish and maintain small business loan programs. Specifically, the funding supports the creation of loan loss reserves and provision of technical assistance to provide affordable small dollar loan alternatives to...
This $287,417 Project Grant awarded on April 16, 2024 by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund supports the Small Dollar Loan Program (CFDA 21.025). The grant enables a Certified CDFI or partnership between a Certified CDFI and Federally Insured Depository Institution to establish and maintain small business loan programs. The program's objective is to provide affordable alternatives to high-cost small dollar loans and help unbanked and...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $229,934 Project Grant under the Small Dollar Loan Program (CFDA 21.025) to Bank of Commerce, a certified CDFI. The grant will enable Bank of Commerce to establish and maintain small business loan programs that provide affordable alternatives to high-cost small dollar loans. This funding supports the bank's efforts to increase access to affordable capital, help unbanked and underbanked...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $114,967 Project Grant to BOM Bank, a CDFI-certified for-profit financial institution, under the Small Dollar Loan Program (CFDA 21.025). The grant is intended to enable BOM Bank to establish and maintain a small business loan program that provides affordable alternatives to high-cost small dollar loans. The funding supports the creation of loan loss reserves and the delivery of technical...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $252,927 Project Grant under the Small Dollar Loan Program (CFDA #21.025) to Bay Bank, a for-profit, American Indian-owned Community Development Financial Institution (CDFI). The grant enables Bay Bank to establish and maintain small business loan programs that provide affordable alternatives to high-cost small dollar loans, with the goal of helping unbanked and underbanked populations...